FIDELIS INSURANCE HOLDINGS LTD (NYSE:FIHL) Reports Mixed Q2 2025 Earnings with EPS Beat but Revenue Miss

FIDELIS INSURANCE HOLDINGS LTD (NYSE:FIHL) reported its second-quarter 2025 results, delivering a mixed performance relative to analyst expectations. The company posted operating earnings per share (EPS) of $0.12, significantly outperforming the consensus estimate of a loss of $0.37. However, revenue for the quarter came in at $582.6 million, falling short of the expected $695.6 million.

Key Financial Highlights

• Operating EPS: $0.12 (vs. estimated -$0.37)
• Revenue: $582.6M (vs. estimated $695.6M)
• Net Income: $19.7M, compared to $53.7M in Q2 2024
• Gross Premiums Written (GPW): Up 9% year-to-date
• Combined Ratio: 103.7% (up from 92.7% in Q2 2024)
• Book Value Per Share: $22.04 (up from $21.79 at year-end 2024)

Market Reaction

Following the earnings release, FIHL’s stock saw a modest uptick in after-hours trading, rising 0.34%, while the stock has gained 10.38% over the past month. The positive EPS surprise appears to have offset concerns about the revenue miss, suggesting investor confidence in the company’s profitability despite lower-than-expected top-line growth.

Segment Performance

• Insurance Segment: Underwriting income declined to $18.2M (vs. $95.5M in Q2 2024), driven by adverse prior-year development related to the Ukraine conflict and higher attritional losses.
• Reinsurance Segment: Benefited from reinstatement premiums linked to the California wildfires, partially offsetting broader underwriting pressures.

Capital Management & Shareholder Returns

Fidelis remains active in capital deployment, repurchasing 5.48M shares in Q2 for $88.7M at an average price of $16.17. Additionally, the company:

• Renewed its share repurchase program, increasing authorization to $200M.
• Raised its quarterly dividend to $0.15 per share, payable in September.

Outlook vs. Analyst Estimates

While the press release did not provide explicit forward guidance, analysts currently project:

• Q3 2025 Revenue: $502M
• Full-Year 2025 Revenue: $2.876B
• Full-Year 2025 EPS: $1.38

Given the company’s emphasis on disciplined underwriting and capital returns, FIHL appears positioned to meet or exceed full-year expectations if current trends hold.

Conclusion

Fidelis Insurance’s Q2 results reflect resilience in profitability despite revenue pressures, with strong capital management supporting shareholder returns. The market’s muted but positive reaction suggests cautious optimism as the company navigates a challenging underwriting environment.

For more detailed earnings estimates and historical performance, visit FIHL’s earnings page.

Disclaimer: This article is for informational purposes only and does not constitute investment advice.